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Iris Barker


India committed to protecting national interests after Trump’s tariff announcement

The Indian government is dedicated to securing a fair trade agreement with the US but is ready to take essential measures to safeguard national interests, the Indian Ministry of Commerceโ€ฆ
Published on July 31, 2025
By Iris Barker

EU-US nuclear deal includes trade in technology and reactors

According to European Commission spokesperson Anna-Kaisa Itkonen at a briefing, the $750 billion contractual figure that the EU commits to under the energy trade deal with the US will encompassโ€ฆ
Published on July 29, 2025
By Iris Barker

L’Oreal increases half-year revenue and adjusted profit

French company L'Oreal SA, the leading global cosmetics producer, showed sluggish revenue and adjusted profit increases in the first half of the year, as comparable sales growth fell short ofโ€ฆ
Published on July 29, 2025
By Iris Barker

UN Secretary-General calls on tech giants to switch their data centers to renewable energy by 2030

UN Secretary-General Antรณnio Guterres urged leading tech firms to transition their data centers to renewable energy sources.
Published on July 23, 2025
By Iris Barker

Japan to invest $550 billion in the US

President Donald Trump stated that Japan is channeling funds into the American economy as a component of an agreement with the United States.
Published on July 23, 2025
By Iris Barker

Israel’s defense ministry bans some Chinese cars over spying suspicions

The Defense Ministry of Israel has prohibited certain Chinese vehicle models from entry to its โ€œmost sensitiveโ€ military installations due to concerns over espionage technology, reported Le Figaro on Monday.
Published on July 22, 2025
By Iris Barker

EU, US canโ€™t find progress in trade talks

Bloomberg reported on Monday, citing sources, that the EU and the US have not yet resolved their key differences in discussions regarding a trade agreement.
Published on July 22, 2025
By Iris Barker

American Express increases quarterly revenue to record $17.9 billion

American Express Co., a major player in the U.S. credit card industry, reported a 9% year-over-year revenue rise in the second quarter and a 4% drop in net income, withโ€ฆ
Published on July 20, 2025
By Iris Barker

FT: Trump to open US pension market to cryptocurrency investments

Donald Trump is set to allow investments in cryptocurrency, gold, and private equity within the $9 trillion US pension market, according to the Financial Times, referencing three individuals knowledgeable aboutโ€ฆ
Published on July 20, 2025
By Iris Barker

U.S. Bancorp increases quarterly net income by 13.2%

U.S. Bancorp boosted its net income by 13.2% and revenue by 2% in Q2 2025, as adjusted profits rose while revenue fell just short of analysts' forecasts.
Published on July 18, 2025
By Iris Barker

India’s GAIL to receive 1 million tons of LNG per year from Vitol for ten years

GAIL (India) Limited, a top importer and supplier of natural gas in India, and commodity trader Vitol have announced a sales and purchase agreement for liquefied natural gas, securing theโ€ฆ
Published on July 18, 2025
By Iris Barker

Bundesbank expects Germany’s GDP to stagnate in Q2

The German central bank anticipates no growth in the country's GDP for April-June 2025 following an unanticipated recovery in the first quarter.
Published on July 16, 2025
By Iris Barker

Barclays fined ยฃ42m over financial crime risk assessment failures

The Financial Conduct Authority (FCA) in the UK has imposed a total fine of ยฃ42m ($56m) on Barclays due to two instances of inadequate financial crime risk assessments.
Published on July 16, 2025
By Iris Barker

UK to bring back electric car subsidies

The UK government is bringing back subsidies up to ยฃ3,750 ($5,000) for electric vehicles to aid the auto industry and achieve environmental goals.
Published on July 15, 2025
By Iris Barker

Geely to buy shares of electric car maker Zeekr for $2.4 billion

Geely Automobile Holdings of China will acquire all the shares of electric vehicle manufacturer Zeekr Intelligent Technology Holding Ltd. for approximately $2.4 billion.
Published on July 15, 2025
By Iris Barker

EC finds violations in Italy’s intervention in UniCredit-Banco BPM deal

The European Commission has informed Italy that the stringent requirements set by the nation's authorities on UniCredit SpA's acquisition of competitor Banco BPM might breach EU regulations.
Published on July 15, 2025
By Iris Barker

The US will sell NATO countries $10 billion worth of weapons in the first stage

Axios reports that the initial set of arms Washington intends to sell to NATO partners is valued at approximately $10 billion.
Published on July 15, 2025
By Iris Barker

The largest โ€œpiece of Mars” on Earth to be sold at Sotheby’s

A 25 kg rock will be auctioned at Sotheby's. It is anticipated to be auctioned for 2-4 million dollars. This substantial price is attributed to the fact that it isโ€ฆ
Published on July 14, 2025
By Iris Barker

Volkswagen and SAIC to close plant in China’s Nanjing

German Volkswagen and Chinese SAIC are set to shut down their joint venture facility in Nanjing, according to Reuters, which references sources.
Published on July 14, 2025
By Iris Barker

The largest supplier of chocolate worsens its sales forecast due to “unprecedented” conditions

Swiss Barry Callebaut, the leading global supplier of chocolate and cocoa products, has downgraded its sales outlook for the ongoing financial year for the third occasion.
Published on July 10, 2025
By Iris Barker

Nissan begins $4.5 billion bond placement

Japanese car manufacturer Nissan Motor Co. has started the issuance of bonds in dollars and euros, aiming for a total of $4.5 billion.
Published on July 10, 2025
By Iris Barker

Bulgaria finally gets EU permission to adopt the euro from 1 January 2026

The EU Council confirmed the endorsement of the final three legal measures required for the implementation of the euro in Bulgaria starting on 1 January 2026.
Published on July 9, 2025
By Iris Barker

US universities could lose up to $1 billion in revenue due to loss of international students

According to the Financial Times, US universities might forfeit roughly $1 billion in income due to the decline in international students who cannot or do not wish to study inโ€ฆ
Published on July 9, 2025
By Iris Barker

Navarro slams Apple CEO for delaying production move out of China

US President Donald Trump's trade adviser Peter Navarro has condemned Apple Inc. CEO Tim Cook for postponing the shift away from China.
Published on July 7, 2025
By Iris Barker

US to impose 25% tariff on goods from Japan and South Korea

US President Donald Trump declared that a 25% tariff on products from Japan and South Korea will take effect on August 1. He released two official letters directed to Southโ€ฆ
Published on July 7, 2025
By Iris Barker

The US plans to limit AI chips supply to Malaysia and Thailand

The government of US President Donald Trump intends to restrict the availability of AI chips to Malaysia and Thailand, according to Bloomberg, which references sources.
Published on July 6, 2025
By Iris Barker

Saudi Aramco considers selling energy assets

Saudi Arabian Oil Co. (Saudi Aramco) is contemplating divesting energy assets as a component of a larger initiative to generate cash and reduce expenses, according to sources cited by Reuters.
Published on July 6, 2025
By Iris Barker

Nippon Steel to raise $5.6 billion in subordinated loans to acquire US Steel

Nippon Steel of Japan announced plans to secure two subordinated loans amounting to 800 billion yen ($5.6 billion) to fund its recently finalized $14.9 billion purchase of United States Steelโ€ฆ
Published on July 3, 2025
By Iris Barker

European businesses ask for two-year delay in introduction of AI law

ASML, Airbus, Mercedes-Benz Group, Deutsche Lufthansa, along with other European firms, have urged European Commission President Ursula von der Leyen to postpone the implementation of the artificial intelligence law byโ€ฆ
Published on July 3, 2025
By Iris Barker

EC proposes to reduce greenhouse gas emissions by 90% from 1990 levels by 2040

The European Commission proposed changes to the EU climate law, aiming for a 90% reduction in net greenhouse gas emissions by 2040 relative to 1990 levels.
Published on July 2, 2025
By Iris Barker

Bombardier shares soar to 2018 high on $1.7B order

Shares of Canadian Bombardier Inc. soared to their peak level since 2018 following the announcement that the firm secured an order for 50 Challenger and Global aircraft from an undisclosedโ€ฆ
Published on July 2, 2025
By Iris Barker

Abnormal heat covers Europe

Several European nations are experiencing very high temperatures, The Guardian reports.
Published on June 30, 2025
By Iris Barker

Fast food chain Raising Cane’s surpasses KFC in US sales in 2024

According to a company statement cited by CNBC, the American fast food chain Raising Cane's achieved revenue of $5.1 billion in 2024.
Published on June 30, 2025
By Iris Barker

German watchdog asks Apple, Google to look into blocking DeepSeek

Berlin's Data Protection Commissioner Meike Kamp has requested that Apple Inc. and Google (a subsidiary of Alphabet Inc.) think about prohibiting the app developed by the Chinese firm DeepSeek, accordingโ€ฆ
Published on June 30, 2025
By Iris Barker

Musk believes that Trump’s government spending bill will lead the US to debt slavery

The legislation put forward by President Donald Trump's administration could lead the United States towards debt slavery, the previous head of the Department of Government Efficiency (DOGE), entrepreneur Elon Muskโ€ฆ
Published on June 30, 2025
By Iris Barker

Anna Wintour steps down as Vogue editor-in-chief after 37 years

American Vogue's editor-in-chief Anna Wintour is leaving her position after 37 years, The New York Post writes referencing a source familiar with Condรฉ Nast.
Published on June 26, 2025
By Iris Barker

US may offer Iran access to $30 billion in civilian nuclear investment

The White House is contemplating measures that might lead Tehran to rejoin nuclear discussions, such as potentially providing Iran access to as much as $30 billion to advance its nuclearโ€ฆ
Published on June 26, 2025
By Iris Barker

Monte Paschi receives ECB clearance to acquire rival Mediobanca

The European Central Bank (ECB) has approved Italy's Banca Monte dei Paschi di Siena to take over its competitor Mediobanca.
Published on June 26, 2025
By Iris Barker

NATO countries committed to increasing defense spending to 5% of GDP by 2035

NATO member states pledged to boost defense expenditures to 5% of GDP by 2035, as stated in the communiquรฉ released after the North Atlantic Alliance summit held in The Hague.โ€ฆ
Published on June 26, 2025
By Iris Barker

Amazon sets to invest ยฃ40 billion in the UK over three years

Amazon.com Inc., based in the US, intends to invest ยฃ40 billion ($54.3 billion) in the UK from 2025 to 2027.
Published on June 24, 2025
By Iris Barker

Mastercard to integrate Fiservโ€™s stablecoin into its products

Mastercard Inc., which manages one of the globeโ€™s leading payment systems, is aiming to incorporate Fiserv Inc.โ€™s FIUSD stablecoin into its payment offerings, according to MarketWatch.
Published on June 24, 2025
By Iris Barker

Likely candidate for Renault CEO Maxime Picat leaves Stellantis

Stellantis announced in a press release that Purchasing Director Maxime Picat has departed from his position.
Published on June 24, 2025
By Iris Barker

Iran stops military operations against Israel

Military actions targeting Israel stopped at 4:00 a.m. on Tuesday, Abbas Araghchi, the Iranian Foreign Minister, verified.
Published on June 24, 2025
By Iris Barker

Eni to sell Plenitude renewable energy unit to Ares for โ‚ฌ2 billion

Italian oil and gas firm Eni SpA has reached an agreement with US investment firm Ares Management Corp. to sell a 20% interest in its Plenitude division, which focuses onโ€ฆ
Published on June 23, 2025
By Iris Barker

Tesla launches robotaxi service in Texas

Tesla launched a robotaxi service in Austin, Texas, on Sunday, according to US media.
Published on June 23, 2025
By Iris Barker

U.S. Fed raises inflation forecast for 2025-2027

The U.S. Federal Reserve System (Fed) increased its inflation projection (PCE index) in the United States for 2025 to 3% from the 2.7% anticipated in March, for 2026 - fromโ€ฆ
Published on June 18, 2025
By Iris Barker

UBS: Global wealth growth rises to 4.6% in 2024

Global household wealth increased by 4.6% in dollar values in 2024. This is mentioned in the yearly Global Wealth Report by the Swiss bank UBS.
Published on June 18, 2025
By Iris Barker

Eli Lilly to pay up to $1.3 billion for gene therapy developer Verve Therapeutics

American drug manufacturer Eli Lilly has reached an agreement to purchase the biotech company Verve Therapeutics, which develops gene therapy to lower the level of โ€œbadโ€ cholesterol.
Published on June 17, 2025
By Iris Barker

Musk’s xAI in talks to sell $4.3 billion in shares

Elon Musk's AI company xAI Corp. based in America is negotiating to secure $4.3 billion via equity funding, reports Bloomberg referencing details shared by the company with its investors.
Published on June 17, 2025
By Iris Barker

Renault head Luca de Meo to leave the company on July 15

Renault's CEO Luca de Meo has revealed his choice to resign and pursue new opportunities beyond the automotive industry, reads a press statement from the French car manufacturer.
Published on June 16, 2025
By Iris Barker
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